Pinnacle Financial Partners Inc Purchases 28 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Pinnacle Financial Partners Inc raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,818 shares of the business services provider’s stock after purchasing an additional 28 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Booking were worth $13,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter worth about $25,000. Valley National Advisers Inc. increased its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares in the last quarter. Addison Advisors LLC boosted its position in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its position in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.6 %

Shares of Booking stock opened at $4,989.22 on Friday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market cap of $165.14 billion, a PE ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. The business’s fifty day moving average is $4,903.34 and its two-hundred day moving average is $4,551.96.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. Equities research analysts anticipate that Booking Holdings Inc. will post 207.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BKNG. Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna boosted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective on Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.